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How To Fix Credit- Do It Yourself

How To Fix Credit Now is a subject we all want to know about. Increased credit scores mean higher credit limits and lower payments each month.

Author: Edmund Roberts
Date: Nov 17, 2010 - 4:34:09 PM

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How To Fix Credit is a problem that causes many customers concern about their credit profile. Clients are being denied loans with good rates on cars, mastercards, mortgages, as well as, being denied preferred premium rates on auto insurance and denial of house rentals. All these Problems are due to dings in your credit score. Here are the first steps in How To Fix Credit :

Get copies of your credit reports including scores from the three major credit reporting agencies, Experian, Transunion and Equifax.

Review these reports in detail noting any errors in your personal profile like, incorrect or multiple social security numbers, misspelled name or multiple variations of your name, incorrect address and previous places of employment. Also review for inaccurate info related to credit accounts, whether late payment notations were correct, was the account yours, were you an authorized user or primary owner of the account, is the account open or closed. You need to find all the errors and misstatements in your credit report that would have an effect on your credit ratings.

Write dispute letters providing correct information concerning your private profile and challenged the wrong info related to your credit accounts requesting the respective agencies to confirm the info. Send the letters certificated return invoice.

If you do not hear from the reporting agencies within thirty days, followed up with a second letter requesting a standing update of the verification process. Also include a copy of the original dispute letter and a copy of the signed return receipt card to make sure that the agencies recognise this letter isn't your first request and that the thirty days response time by them required under Fed. law had been violated.

If after reinvestigating your complaint and the dispute isn't decided to your satisfaction, request that your statement of the dispute be included in your credit record and any future reports.

Follow this approach diligently with some patience as well as, changing your expenditure and bill paying habits to put you on the road to improving your credit history. Pay your credit accounts by the cutoff date and add additional to the payment due if at all possible. Pay the balances off with high rates first.

Continue to cut back your due debt to credit limits. Your target should be only 30% debt to credit limit. For instance, if your Mastercard limit is $5,000, your debt on the card should not surpass $1,500.

Edmund Roberts writes about credit issues, most specifically for consumers who need information concerning how to fix credit. Visit his website at http://www.raise-credit-score.net which assists people about the various struggles with bad credit and learn how to fix credit.

Edmund Roberts writes about credit issues, most specifically for consumers who need information concerning how to fix credit. Visit his website at http://www.raise-credit-score.net which assists people about the various struggles with bad credit and learn how to fix credit.

View all articles by Edmund Roberts

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